Finance
We understand that investing in renewable energy can be expensive initially with the benefits showing themselves in future savings, grants and added value to properties, that’s why we’ve partnered with companies like Hiber in order to offer competitive finance to fill the gap between the cost of installing renewable tech and what is affordable to you. Talk to us about how we can help.
For Solar PV and Battery Storage
Previously there was a government backed feed in tariff offering a generous amount of money per kWh fed back to the grid, this scheme has since closed and has not been replaced. However, once you have a solar PV system installed by a MCS registered company such as us and the installation is registered with National Grid then there are a few companies offering a Smart Export Guarantee, allowing customers to be paid based on their export to the grid. Tariffs vary from 3.5 pence per kWh to 20 pence per kWh depending on supplier, location and tariff.
While there may no longer be a decent feed in tariff, both Solar PV and battery storage systems to benefit from a reduced rate of VAT.
For Heat Pumps
Funding for Heat Pumps and Solar: Making Low-Carbon Heating More Affordable
One of the biggest challenges when installing a heat pump is the upfront cost. Equipment, radiator upgrades, and new power supplies can quickly add up.
Thankfully, several government incentives help reduce these costs and make the switch to low-carbon heating more accessible.
The Boiler Upgrade Scheme (BUS) launched in early 2023 to replace the Renewable Heat Incentive. Unlike the RHI, which paid out over seven years, the BUS gives eligible homeowners £7,500 upfront to help cover heat pump installation costs.
To qualify, your property must have a valid EPC with no recommendations for loft or cavity wall insulation. Self-builds, some new builds, and renovation projects may also qualify if an EPC is provided at completion.
Another key benefit is the 0% VAT rate on energy-saving materials, which applies to both heat pumps and solar panels. This tax relief helps lower the capital cost even further.
With these schemes in place, funding for heat pumps and solar is now more accessible than ever. It’s a great time to invest in renewable energy and future-proof your home.
